The rise of Special Purpose Acquisition Companies (SPACs) as a way of accomplishing reverse mergers and public listings is an ongoing development that has drawn the attention of investors that poured roughly three-times more in the space in 2020 than in 2019 with $64 billion in capital inflows.
Regulators are watching too and to be sure activity remains brisk this year as well.
Last Friday (March 26), WeWork announced that it will finally become a publicly listed company, thanks to the magic of SPACs. The flexible-workspace unicorn that crashed spectacularly just two years . . .
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